The pandemic has ushered in new rules for home shopping and buying. Instead of showing up unannounced to a packed open house—with finger-food platters that everyone picks from—potential buyers are scheduling in-person visits or even conducting walk-throughs via Facetime and Zoom. Oh, and the munchies are gone now. On top of the pandemic changes, much of the country finds itself in an ultra-competitive seller’s market. All of this can make buying a house feel challenging, if not impossible.
Home sellers have a royal flush in today’s housing market. Inventory is low, home prices are rising and buyer appetite is ravenous. Sellers can essentially plant a for-sale sign in their lawn and wait for the offers to pour in.
For buyers waiting for the housing fever to break and home prices to plummet, they might be in for a big disappointment. Though there might be a slight price decline in the next few years, we won’t see anything remotely close to the drop after the 2008 recession.
Read the full profile on Forbes Advisor: https://www.forbes.com/advisor/mortgages/how-to-get-the-most-when-selling-in-todays-hot-real-estate-market/
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